From: Allin Cottrell (cottrell@wfu.edu)
Date: Wed Jun 04 2003 - 16:58:22 EDT
On Tue, 3 Jun 2003, Paul Cockshott wrote: > Ian Wright wrote: > > Ah, I understand now. This was the flaw. I was conflating changes > > in aggregate money holdings with profits. Therefore my previous post > > does not apply to the profit rate but applies to aggregate money > > holdings. I'll take your advice and read Kalecki on this. Thanks > > for pin-pointing the source of my confusion. Are there any particular works > > of Kalecki that you'd recommend? > > It is probably best to read the collection > 'Essays in the dynamics of the capitalist economy' first and > then read 'Theory of economic dynamics' Agreed. A good starting point is the essay "The determinants of profits" in Selected Eassys on the Dynamics of the Capitalist Economy (Cambridge U.P., 1971). Allin.
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